Labor should not pass Frydenberg’s tax deformity

Wednesday, 22 May 2019

Tax cuts for the “top end of town” could be waved through Parliament by Labor as it considers putting the Prime Minister under pressure to deliver on his tax cuts and his promised surplus.

Labor on Tuesday accused Scott Morrison of his first broken promise over potential delays to planned $1080 tax cuts, and is now considering how it will respond in the Senate.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.